Tata Motors Ltd - Breakout OpportunityDate : 10-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 1,046.65
Targets: (1) Rs. 1,065 --> (2) Rs. 1,155
SL : Rs. 977 on daily close basis
Technical View:
• NSE:TATAMOTORS is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 1,065.60 on 5-Mar-2024, it has retraced 14% to 921.20 level.
• On 10-May-2024, NSE:TATAMOTORS has broke out from its secondary down trend with higher than average volume.
• NSE:TATAMOTORS has also closed above 20 DMA and 21 DEMA on 8-May-2024.
• RSI is trading at 63.72 and MACD is trading at 11.28.
• Looking good to continue upward journey.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Tatamotorstargets
Tata Motors Chart Analysis and Targets 1 Year Return - 43.2%, 5 Year Return -140.3%
Tata Motors reported a consolidated profit of Rs 3,202.80 crore for the quarter ending on June 30, 2023, a significant turnaround from the loss of Rs 5,006.60 crore reported in the same quarter last year.
According to the company's filing on the BSE, the consolidated revenue for the quarter reached Rs 1,02,236 crore, reflecting a notable increase of 42.1%.
Tata Motors has actively embraced the era of electric mobility in the 2020s, with initiatives including the launch of electric versions of existing models and a strong focus on developing electric vehicle technology.
The company made 57% more money from its British division, Jaguar Land Rover (JLR).
Tata Motors Stock Given Breakout and Trading at All-Time High.
Where To Enter In Tata Motors Stock - Wait for Retraisment and Buy Near Support Zone As per marked on Chart
Short-term Targets - 710, 810
Long Term Target - 910
If You want any Stock Chart analysis let me know , Please share if you like our idea
TATA motors Near Resistance Zone Buy or Sell ? TATA MOTORS Support and Resistance with Confirm Targets 2023
TATA MOTORS is Favorite Stock of Indian People , In Market Downtrend Stock if Moving Upward ,
Now near Major Resistance Zone if It will Break that Zone Stock will move like rocket See Below Support and Resistance Zones for TATA MOTORS
Major First Resistance Zone - ( 455- 460 )
Major Second Resistance Zone - ( 527 - 537 )
Major Support Zone - ( 357- 375 )
Note - If you want any Chart Analysis for any Time Frame Msg me on Trading View I will Try my Best . Thank you . Please Share Our Ideas to Support Us